USD/JPY
For the fifth day in a row, the USD/JPY pair has struggled to overcome the resistance of the embedded line of the global price channel. On the daily chart, there is a divergence between the price and the Marlin oscillator.
The first bearish target is at 145.90, where the MACD indicator line is located. If it manages to breach this strong level, the price could fall towards the target at 143.05. In this case, the 144.73 level serves as an intermediate level. On the 4-hour chart, the price has surpassed the balance indicator line and is approaching the MACD line at 146.53.
A divergence has formed between the price and the Marlin oscillator. The oscillator's signal line has already moved into negative territory. If the price surpasses the MACD line at 146.53, it could further strengthen the downward move towards 145.90.
